“We moved swiftly and early to adopt the Luminar platform into our
fleet, and as a result we’re rapidly advancing our program,” said James
Kuffner, Chief Technology Officer, Toyota Research Institute. “The level
of data fidelity and range is unlike anything we’ve seen and is
essential to be able to develop and deliver the most advanced automated
driving systems.”

Since coming out of stealth last April, Luminar has scaled up its
partnerships with a select few companies - TRI being the first to deeply
integrate the new sensing platform.

“We’re proud to enable the most advanced and rapidly evolving autonomous
vehicle programs,” said Luminar Founder and CEO, Austin Russell. “As the
group defining the future of vehicle autonomy for the largest auto
manufacturer in the world, TRI has the greatest opportunity to lead the
charge in deploying life-saving self-driving technology at scale. By
equipping vehicles with the best quality 3D data, better-than-human
perception can finally become a reality - charting the fastest, safest
course for full autonomy.”

Luminar’s LiDAR delivers more than an order of magnitude greater
resolution than current sensors and the ability to see dark objects,
such as a tire (10% reflectivity) at over 200 meters, compared to less
than 40 meters. The sensor is also the first to allow resolution to be
concentrated where it’s needed most, in real time, enabling the car to
clearly see and recognize cars, people, and objects, even at distance.

Five years ago, Luminar was founded and began development of a new LiDAR
architecture, becoming the only platform to achieve the necessary sensor
requirements to ultimately deliver safer-than-human autonomous vehicles.
To get there, Luminar took a new approach by building all major
components in its system from the ground up: lasers, receivers, scanning
mechanisms and processing electronics. The radical architecture requires
only a single laser, single receiver, and ultra-fast scanner to collect
millions of points of information in the environment from just a
fraction of the components used in today’s LiDAR systems.

About Toyota Research Institute

Toyota Research Institute is a wholly owned subsidiary of Toyota Motor
North America under the direction of Dr. Gill Pratt. The company,
established in 2015, aims to strengthen Toyota’s research structure and
has four initial mandates: 1) enhance the safety of automobiles, 2)
increase access to cars to those who otherwise cannot drive, 3)
translate Toyota’s expertise in creating products for outdoor mobility
into products for indoor mobility, and 4) accelerate scientific
discovery by applying techniques from artificial intelligence and
machine learning. TRI is based in the United States, with offices in Los
Altos, Calif., Cambridge, Mass., and Ann Arbor, Mich. For more
information about TRI, please visit www.tri.global.

About Luminar Technologies

In April 2017, Luminar came out of stealth after five years in
development to debut a new sensing technology that is poised to become
the core platform to enable safe, fully autonomous vehicles. To date,
the company has raised $36M in funding from Canvas Ventures, GVA Capital
and 1517 Fund, has built a team of over 250 people across three offices,
including a 70,000-square-foot manufacturing facility in Orlando where
it will begin a 10,000-unit run this year. Luminar has partnered with
four of the top programs and is in the midst of supplying them with our
current iteration of technology, which is now being tested on public
roads. For more information please go to https://www.luminartech.com/.